All Financial results articles – Page 185
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News
Fashion retailer Gap reports sales increase
Sales at Gap increased 8% to $3.86bn (£2.4bn) during its third quarter ended October 27. The retailer reported a 6% rise in like-for-like sales, against a 5% decrease in the same period last year.Like-for-likes in North America rose 7% across Gap, Banana Republic and Old Navy, but fell 3% internationally.For ...
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AnalysisProfile: Steven Cohen, chief executive, Blue Inc
The Blue Inc boss, who reported strong profits last week, has managed to turn the recession to the retailer’s advantage. He tells Gemma Goldfingle how he has done it.
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OpinionComment: OpCapita has questions to answer over Comet's demise
Halloween was an unfortunate but fit setting for the grim tidings that Comet has fallen into administration.
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NewsProfits plummet at TJX UK
TJX UK, which operates discount retailer TK Maxx and homewares specialist Homesense, posted a pre-tax profit plunge of 62% to £35.4m in the year to January 28, despite a sales uplift.
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NewsToys R Us UK profits halve as it opens stores
Profits at big-box toy retailer Toys R Us almost halved last year.
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NewsThe Entertainer eyes international growth
The Entertainer is eyeing overseas expansion after it revealed a surge in full-year profits and expansion of its online offer.
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OpinionComment: Primark and Marks & Spencer square up
Marks & Spencer managed to please with Tuesday’s interims, but primarily because of relief that the results were not as bad as expected.
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NewsDunnes profits halve in UK arm
Irish grocer Dunnes has reported pre-tax profit in its UK arm halved last year as increased costs and a depressed economy hit performance.
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NewsBlue Inc expects Christmas cheer as full-year profits soar
Young fashion group Blue Inc expects a strong Christmas trading period after posting soaring full-year profits.
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OpinionComment: Malcolm Walker on a tax that’s bad for business
Taxing corporate morale boosting events will not revive the economy.
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NewsPets at Home profits rise after success of in-store services
Grooming salons, microchipping and veterinary practices have helped increase like-for-likes.
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NewsAnalysis: Claire’s Accessories aims to improve performance
Claire’s Accessories will be seeking a strong Christmas sales performance after a tough year.
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NewsUK sales surge at Ikea as £30m investment pays off
Ikea has outperformed the tough big-ticket market to post a 6.3% rise in sales as well as market share gains as the furniture giant revamps its estate to introduce in-store theatre.
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News
Coles Group reports net sales increase
Coles Group has reported that net sales at its Coles division – food and liquor plus convenience outlets – rose 4.2% to Aus$8.44bn (£5.44bn) in the quarter ending September 30.Food and liquor sales were Aus$6.6bn (£ 4.25bn), up 4.9% on the previous corresponding period. Comparable food and liquor store sales ...
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OpinionComment: Investors care about profit, not tattoos
For many retail leaders it is an article of faith to demonstrate that they hold their store staff in high esteem, and results presentations typically pay tribute to the efforts made on the shopfloor.
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News
Amazon records third quarter net loss
Amazon recorded a net loss of $274m (£170.1m) for its third quarter ending September 30, against a net profit of $63m (£39.1m) a year earlier. Sales rose 27% to $13.81bn (£8.57bn).It was Amazon’s first quarterly loss since 2003 and included a charge of $169m (£104.9m) related to writedowns at daily ...
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NewsJoules returns to profit after restructure
Joules has returned to profit after concluding a restructuring programme and bolstering its senior management team.
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NewsAmazon slips into loss in third quarter
Online retail giant Amazon has posted a third quarter loss, behind Wall Street expectations, as it was hit by a poor performance at online deals business Living Social as well as investment in the Kindle e-reader and distribution centres.
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OpinionComment: Argos bids farewell to past in digital shift
The much anticipated strategic review of Argos by its managing director John Walden was delivered this week from the relative comfort of a first-half performance that registered like-for-like sales growth of 0.6%.
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NewsAnalysis: Expansion for Home Bargains
TJ Morris, which trades as Home Bargains, is making strides in the value sector.